Equity Holdings Limited (EQT) - Research

$28.040

EQT General Information +

ASX Code EQT
Website http://www.eqt.com.au
GICS Sub-Industry Asset Management & Custody Banks
Market Cap ($M) 575
Current Price $28.040
Day High $28.800
Day Low $27.860
Last Close $28.040
Price Movement - ( No change )
Prices as at 16:40, 24 Jun 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


Equity Holdings Limited (EQT)
BUY
below
HOLD
up to
SELL
above
Current Price
$28.040 as at 16:40, 24 Jun 2019

Price at review
$28.040 on 24 May 19

Max Portfolio Weighting

Business Risk

Share Price Risk

EQT Related Research

EQT Company Overview

Business Description

EQT Holdings Limited (EQT, formerly Equity Trustees Limited) is a financial services company which provides financial products and services and include wealth management, estate planning, managed funds, superannuation, institutional services and philanthropy. EQT operates in Australia and has two business units which are Trustee & Wealth Services and Corporate Trustee Services.

EQT Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2018 A 19.43 96.90 26.00% 20.00 82.00 4.20% 100.0%
2017 A 15.44 76.90 15.70% 23.10 71.00 4.00% 100.0%
2016 A 13.29 66.50 -23.70% 28.60 68.00 3.60% 100.0%

EQT Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2016 A 2017 A 2018 A 2016 A 2017 A 2018 A 2016 A 2017 A 2018 A
Equity Holdings (EQT) $571M 0.2599 0.0000 0.0000 28.7336 0.0000 0.0000 2.95% 0.00% 0.00%
Magellan Financial Group (MFG) $9,067M 0.3568 0.2415 0.0692 33.0728 26.6389 24.9148 2.63% 3.37% 3.60%
Netwealth Group (NWL) $2,187M 0.0000 0.7077 0.3340 108.8757 63.7561 47.7922 0.58% 1.24% 1.66%
Pendal Group (PDL) $2,283M 0.1207 -0.2807 0.1109 9.9625 13.8503 12.4674 7.24% 6.37% 6.82%
Platinum Asset Mgmt (PTM) $2,828M 0.0325 -0.1575 0.0587 14.7086 17.4574 16.4899 6.64% 5.60% 5.86%

EQT Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 28.90 2.24 0.00
Market 0.88 17.20 1.50 1.66
Sector 0.91 13.10 1.04 1.73

EQT Directors

Name Position Start Date
Mr Michael (Mick) Joseph O'Brien Executive Director, Managing Director 28 Jul 2014
Mr Timothy (Tim) Edward Douglas Hammon Non-Executive Director 1 Dec 2018
Mr Kevin John Eley Non-Executive Director 25 Nov 2011
Ms Anne Maree O'Donnell Non-Executive Director 8 Sep 2010
Ms Alice Joan Morrice Williams Non-Executive Director 5 Sep 2007
Mr David Glenn Sedgwick Non-Executive Director 8 Aug 2016
Hon Jeffrey Gibb Kennett Non-Executive Director, Non-Executive Chairman 1 Sep 2008
Mr James (Jim) Raymond Minto Non-Executive Director, Non-Executive Deputy Chairman 1 Mar 2017

EQT Management

Name Position
PD Gentry Chief Financial Officer and Chief Operating Officer
Carmen Odette Lunderstedt Company Secretary
HH Kalman Executive General Manager, Corporate Trustee Services
IC Westley Executive General Manager, TWS Private Clients
SL Redenbach General Manager, Human Resources
MA Blair General Manager, TWS Superannuation Portfolio Services

EQT Substantial Shareholders

Holding Name
1,367,218 (6.72%) Regal Funds Management Pty Limited
1,303,232 (6.53%) Australian Foundation Investment Company Ltd
1,247,303 (6.13%) UBS Group AG and its related bodies corporate
1,164,756 (5.74%) Avoca Investment Management
1,019,174 (5.03%) Bank of America Corporation and its related bodies corporate

EQT Calendar of Events

Date Event
24 February 2020 Report (Interim)
06 September 2019 Report (Annual)
21 August 2019 Report (Prelim)
21 August 2019 Report (Annual)

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